Category: Tesla

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Japan Has More EV Chargers Than Petrol Stations

There are more electric-car charging points in Japan than there are petrol stations.

That surprising discovery comes from Nissan Motor Co., which reported that the number of power points in Japan, including fast-chargers and those in homes, has surged to 40,000, surpassing the nation’s 34,000 gas stations.

The figure shows that in the relatively brief time since electric vehicles were introduced, the infrastructure to support them has become bigger than what the oil industry built over decades in the world’s third-biggest economy -- at least by this one measure.

Why that matters is obvious. Nissan’s battery-powered Leaf can travel 84 miles (135 kilometers) on a charge, and the anxiety of being stuck away from home without power has restrained consumer demand. As the charging network expands and batteries become more powerful, that concern will wane.

“An important element of the continued market growth is the development of the charging infrastructure,” Joseph G. Peter, Nissan chief financial officer, told analysts on a conference call.

As charging stations become more common, electric-car support services are also emerging. Open Charge Map, for example, operates an online listing of public charging points worldwide. A mobile app combines the data with GPS technology to guide drivers to the nearest site.

Of course, gas stations typically have multiple pumps and can serve more vehicles in a day than an electric-car charging point.

Private Chargers

Also, one criticism of Nissan’s number is that many of those charging sites are in private garages. Considering the emerging so-called sharing economy, such as the online home-sharing service operated by Airbnb Inc., homeowners may soon be willing to make their chargers available to other drivers.

And more charging locations are being built all the time. Automakers have recognized that oil companies are unlikely to install plugs next to gasoline pumps, and are building their own networks.

Tesla Motors Inc. has its own network of charging stations, and Bayerische Motoren Werke AG and Volkswagen AG announced in January that they are joining the network operated by ChargePoint Inc., and plan to build as many as 100 fast chargers along the busiest corridors of the U.S. coasts, from Portland to San Diego in the west and from Boston to Washington, in the east.

Free Charging

Utilities are joining in. Great Plains Energy Inc., the Kansas City, Missouri-based utility holding company, announced in January plans to build a network of more than 1,000 charging stations in the region by mid-2015. Charging will even be free to everyone for the first two years.

Given that there are only about 9,000 public charging stations in the entire U.S., the initiative gives Kansas City, the nation’s 29th largest metropolitan area, a chance to become the nation’s electric car capital with as much as 10 percent of the nation’s chargers.

Kansas City may not be able to retain that position. PG&E Corp., owner of California’s biggest utility, asked regulators Feb. 9 for permission to build a network of about 25,000 chargers in public areas over a five-year period.

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Samsung SDI to supply 40% of Tesla batteries

Tesla Motors and Samsung SDI are in talks over whether to expand their partnership in batteries for electric cars, industry officials said Sunday.

"With Tesla seeking to diversify its battery sourcing channels beyond its key partner Panasonic, Samsung SDI will have greater room to supply more electric vehicle (EV) batteries to Tesla," said an official who declined to be named.

Samsung SDI is expected to account for about 8 percent of Tesla battery demand this year, worth 36 billion won. It expects to raise that portion to 40 percent in 2016, with sales to the American company rising to 254 billion won.

"From next year to 2018, Samsung SDI may handle 40 percent of Tesla demand," said another source directly involved with the issue.

Samsung SDI said nothing has been decided.

Samsung SDI's target for EV batteries is considered as rather aggressive. But optimists say EVs remain economically-viable with gas at $2 per gallon.

Even with plunging oil prices, analysts say the economics for EVs is well supported as they are still at parity with conventional vehicles after 5 years of ownership at the current gas price level.

Tesla CEO Elon Musk expects to sell "a few million EVs a year by 2025. The company will soon start building two new factories, one each in Europe and Asia.

To that extent, Tesla needs additional battery partners.

"We expect more development from Tesla's Gigafactory planned for 2020. Some of the battery demand within the project could be allocated to different partners, for which we believe Samsung SDI remains well positioned on the basis of both technology and capacity," said Mark Newman at Bernstein Research.

"For Samsung SDI, a meaningful development in regard to partnership with Tesla would first help sentiment in terms of earnings impact," he said.

Research firm Navigant Research said 2014 global EV sales were estimated at 2.7 million, accounting for 3.3% of global light vehicle sales for the year.

Samsung SDI's share of the EV battery market stood at around 7.2 percent last year, driven mostly by the strong performance of the BMW i3.

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Tesla Model X Caught Testing [VIDEO]

Youtuber Juan del Real shot this video of a Tesla Model X being tested at the former naval air station in Alameda California about 30 miles north of Tesla's factory in Fremont.

Based on the size of the Model S in the background, Jalopnik think the camouflaged prototype looks too small to be a Model X and believe this may in fact be the first sighting of a Model 3.

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Tesla Roadster 3.0 adds 70 kWh Battery and 640 km Range

Tesla Motors have announced a new extended-range upgrade for the Roadster — the Lotus-based two-door that preceded the Model S sedan.

The upgrade includes a battery swap, a retrofit aerodynamics kit to reduce drag by 15% plus new tires and wheel bearings to decrease rolling resistance by 20%. The upgrades are expected to yield a 40 to 50 percent improvement in range, breaking the 400-mile mark.

Battery technology has continued a steady improvement in recent years, as has Tesla's experience in optimizing total vehicle efficiency through Model S development. Tesla have long been excited to apply this learning back to their first vehicle, and aim to do just that with the prototype Roadster 3.0 package. It consists of three main improvement areas.

1. Batteries
The original Roadster battery was the very first lithium ion battery put into production in any vehicle. It was state of the art in 2008, but cell technology has improved substantially since then. Tesla have identified a new cell that has 31% more energy than the original Roadster cell. Using this new cell they have created a battery pack that delivers roughly 70 kWh in the same package as the original battery.

2. Aerodynamics
The original Roadster had a drag coefficient (Cd) of 0.36. Using modern computational methods Tesla engineers 'expect' to make a 15% improvement, dropping the total Cd down to 0.31 with a retrofit aero kit.

3. Rolling Resistance
The original Roadster tires have a rolling resistance coefficient (Crr) of 11.0 kg/ton. New tires for the Roadster 3.0 have a Crr of roughly 8.9 kg/ton, about a 20% improvement. They are also making improvements in the wheel bearings and residual brake drag that further reduce overall rolling resistance of the car.

Combining all of these improvements Tesla 'expect to achieve a predicted 40-50% improvement on range between the original Roadster and Roadster 3.0. There is a set of speeds and driving conditions where we can confidently drive the Roadster 3.0 over 400 miles (640 km). Tesla will be demonstrating this in the real world during a non-stop drive from San Francisco to Los Angeles in the early weeks of 2015.

Appointments for upgrading Roadsters will be taken this spring once the new battery pack finishes safety validation. Tesla are confident that this will not be the last update the Roadster will receive in the many years to come.

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Tesla Model S Beats Porsche in Owner-Satisfaction Survey

Tesla drivers were more likely than Porsche owners -- or anyone else -- to say they’d buy their cars again in this year’s edition of the closely watched Consumer Reports buyer survey.

Tesla’s Model S luxury electric sedan topped the U.S. survey a second year in a row, scoring 98 out of a possible 100, after posting a 99 last year. This year’s No. 2 brand, Porsche, scored an average of 87 out of 100 across its model lines. Palo Alto, California-based Tesla, co-founded and led by billionaire Elon Musk, said last month that it expects to sell 50,000 Model S cars next year.

“Not only is the Tesla roomy, comfortable, and a lot of fun to drive, but it also has low operating costs,” Consumer Reports said.

The survey will bolster the 11-year-old carmaker’s image as the leader in the business of making high-end electric cars. Tesla plan to expand sales of the Model S and develop the long-awaited Model X SUV, which is expected in the third quarter of 2015. Tesla stock has gained 52 percent this year.

Sports Cars

The next three most satisfying vehicles in the Consumer Reports Survey, after the Model S, were sports cars: General Motors Chevrolet Corvette Stingray, with a 95 percent satisfaction rating, and Porsche Cayman and Boxster, which tied for third with 91 percent of buyers saying they’d purchase them again.

The survey covered 350,000 vehicles from one to three years old and took into account “attributes such as styling, comfort, features, cargo space, fuel economy, maintenance and repair costs, overall value, and driving dynamics,” Consumer Reports said.

Hybrid, electric and diesel-powered cars outscored gas engines throughout the survey, with the Chevrolet Volt and Toyota Prius leading the compact-car category and Honda Accord Hybrid and Ford's Fusion Energi atop the list of mid-sized sedans.

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Demand for Tesla’s Dual-Motor Vehicles “Off the Charts”

Tesla Motors CEO Elon Musk has weighed in with one of the most useful updates to date on the company's new dual-motor versions of its Model S. The verdict? One month after it was introduced, demand for the all-wheel-drive version of the model isn't lacking. In fact, demand for the new motor system is incredibly robust. Here's what investors need to know.

The P85D is Tesla's halo car

"This is the fastest accelerating four-door production car in the world," Musk explained in a GQ magazine interview published Tuesday, referencing Tesla's new dual-motor option for its flagship 85-kilowatt-hour-battery performance Model S, officially dubbed the P85D.

The new dual-motor system with a motor connected to both the rear and front axle is an upgrade offered for the 85-kWh-battery version of the Model S and now comes standard on the performance version. Tesla's smaller 60-kWh-battery version of the Model S is still only available with the rear-wheel-drive one-motor configuration.

The dual-motor system is helping Tesla set new standards in the automotive industry. Most notably, Tesla showed off how a dual-motor, all-wheel-drive system gives owners all-weather traction without sacrificing efficiency. Tesla's all-wheel-drive system actually boosts range, top speeds, and acceleration times over their rear-wheel drive counterparts running on the same battery. And now with a zero-to-60 acceleration time of just 3.2 seconds, Tesla is making it harder for premium internal-combustion-engine vehicles to compete.

Musk went on to explain in the interview that Tesla built the car to prove a point.

"We wanted to position it as the fastest in order to change the public mind-set. It had to be something dramatic. And getting those few extra 10ths of a second was hard," Musk said. He told GQ that the P85D is Tesla's "halo car," or the car that shows off the strengths of electric vehicles.

Demand is hot

But Tesla's dual-motor system is doing more than just drawing attention to the company. It is apparently convincing a large number of consumers to put in a cash deposit to wait in line for a built-to-order version of their own Model S.

"Demand for the P85D is off the charts," Musk said. "We're seeing a very high proportion of orders for all-wheel drive, either P85D or 85D (which has smaller, equal-sized electric motors front and rear), so 70%-plus of our cars will be dual-motor."

Musk went on to reiterate a common theme: Demand is not a problem for Tesla; ramping up production to meet demand, however, is.

The company is guiding to report record quarterly sales in Q4 and 50% higher annual Model S sales in 2015. But Tesla contends that the company will still not be fully meeting demand, even at these levels.

Tesla said in its third-quarter earnings call that with the help of the additional cost for dual-motor versions of the Model S, it expected Model S average selling to improve going forward. This favorable trend likely plays a role in Tesla's bullishness for its automotive gross profit margin to continue to improve in Q4 and into 2015, though the most important factor influencing Tesla's improving gross profit margin is undoubtedly growing sales of its Model S, which spread fixed costs across a larger number of deliveries.

While Tesla's ability to set standards and its soaring demand are both great for the company, investors should be careful to maintain proper perspective. Given Tesla's $31 billion market capitalization, the market is already betting on Tesla to be wildly successful in the coming years. Furthermore, Tesla's focused product portfolio and strict emphasis on battery-powered vehicles means that missteps could significantly delay its ambitious plans.

On the other hand, it's market-leading pure plays like Tesla with a proven record of execution on growth plans that are probably most likely to exceed market expectations. So, investors who already own shares should think carefully before they sell Tesla stock simply because they think shares are overvalued.

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Porsche Readying Tesla Model S Fighter

The German automaker is currently in the early stages of development for an EV that will target the Tesla Model S and will be a new dedicated fifth model range slotting beneath the existing Panamera. While details on Porsche’s first all-electric production vehicle are mostly being kept under wraps at the moment, it will likely be built on the automaker’s second-generation MSB platform that underpins the current Panamera.

It will have a shorter wheelbase than the existing Panamera sedan but will be a five-door hatchback, similar in style to the Panamera Sport Turismo concept that debuted at the 2012 Paris Motor Show. The company is hoping to keep it around 2,100 kg and its electric powertrain will provide similar performance as the Model S, though Tesla did just announced the more powerful all-wheel drive Model S P85D.

Porsche is aiming for a range of over 450 km and the company is expected to work with Audi, so we expect they will also use solid-state batteries.

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Audi Confirm Tesla Model S Rival with 450 km Range for 2017

According to a report by Auto Express, Audi is also looking to join the electric vehicle sedan market with its own offering sporting a 450 km (280-mile) all-electric range.

The vehicle is currently under development according to Audi’s Dr. Ulrich Hackenberg, who also revealed that it will arrive in 2017 as an all-new model.

In the interview, Hackenberg said that he was “able to re-engineer the R8 e-tron project and technology with the team” and confirmed that it will not be a sports car.

The German automaker will use next-generation batteries in order to achieve the 450 km range, technology that is said to have up to five times more energy density than the current batteries used in vehicles such as the Volkswagen e-Golf.